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Mon 02 Feb 2009Setanta seeks to raise £159m for live soccer rights
IRISH PAY TV broadcaster Setanta Sports has hired London-based merchant bank Close Brothers to raise at least £159 million (€181 million) to fund the acquisition of new English Premier League live football rights.
It has also emerged that Russian oligarch Len Blavatnik holds a 3 per cent stake in Setanta, which he acquired around three years ago.
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